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Corporate respectability, hard to earn and even harder to keep
As the corporate scandals and frauds are making headlines all over the world, another group of companies is calmly heading for success, without losing public esteem. At a time when turbulenc...
Fairy and Herbal Essences push P&G turnover to $120m
Procter & Gamble Romania (P&G), the local division of the American consumer goods producer, logged more than $120 million revenues last year, general manager Matthew Price said. Turnover in...
SNTR buyer sends lawyer to sign
The Privatisation Authority (APAPS) and the representative of the Tobacco 2003 UE consortium comprising Galaxy Energy International Ltd (British Virgin Islands) and CTS SRL (Italy) on Wednes...
Number of eligible gas consumers to double
The National Natural Gas Regulating Authority (ANRGN) estimates to authorise 100 eligible consumers this year, almost twice more than last year, when 54 consumers acquired this status. The i...
Nuclearelectrica to supply $135m power
Nuclearelectrica will supply 5 million MWh of electrical power produced by Reactor 1 of the Cernavoda nuclear plant and worth some $135 million to the eight branches of Electrica this year,...
State eager to cash in on BCR
The actual deal by which EBRD and IFC get 25% in the largest Romanian bank, Banca Comerciala Romana (Romanian Commercial Bank - BCR), i.e. the transfer of the $222 million payment under the...
Cosmorom's investment bank to be named next week
The investment bank to advise RomTelecom's' shareholders on their options for selling the mobile telephony division Cosmorom will be selected by Tuesday, January 27, when the company's Board...
Ardaf to focus on Bucharest
With a new team and a new location for the Bucharest branch, the Cluj-Napoca-based insurer Ardaf plans to double the share of the capital city in its turnover this year. Ardaf reported under...
BRD to open over 40 branches
The Romanian Development Bank (BRD) - Groupe Societe Generale (GSG) will continue to pursue its growth strategy for the retail segment by opening over 40 branches, mainly in the important Ro...